Book dossier

Medici Money

by Tim Parks

Their name is a byword for immense wealth and power, but before their renown as art patrons and noblemen, the Medicis built their fortune on banking. Banking in the fifteenth century, even at the height of the Renaissance, meant running afoul of the Catholic Church's prohibition against usury. It required more than merely financial skills to make a profit, and the legendary Medicis--most famously Cosimo and Lorenzo ("the Magnificent")--were masterly at the political, diplomatic, military, and even metaphysical tools that were needed to maintain their family's position. Parks uncovers the intrigues, dodges, and moral qualities that gave the Medicis their edge. Evoking the richness of the Florentine Renaissance and the Medicis' glittering circle, replete with artists, popes, and kings, Medici Money is a look into the origins of modern banking and its troubled relationship with art and religion--